Trace the concentration of wealth in the United States, from its earliest stage through advanced monopoly capitalism.
What will be an ideal response?
• The concentration of wealth in the United States can be traced through several stages. In the earliest stage (1850– 1890), most investment capital was individually owned.
• Before the Civil War (1860–1865), about 200 families controlled all major trade and financial organizations.
• By the 1890s, even fewer—including such notables as Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller—controlled most of the investment capital in this country.
• In early monopoly capitalism (1890–1940), ownership and control of capital shifted from individuals to corporations. As monopoly capitalism grew, a few corporations gained control over major U.S. industries, including the oil, sugar, and grain industries.
• In advanced monopoly capitalism (1940 to the present), ownership and control of major industrial and business sectors became increasingly concentrated
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Answer the following statement true (T) or false (F)
A household made up of married parents and their biological or adopted children is called a(n) ________
A) nuclear family B) extended family C) joint family D) stepfamily
Marx maintained that increased control over nature is accompanied by alienation
a. True b. False Indicate whether the statement is true or false
Power that is considered legitimate and right by those subject to it is ______.
A. authority B. violence C. anomie D. conflict